Warner Music Posts Best-Ever Quarterly Revenue as Stand-Alone Company

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Warner Music Group posted its best-ever quarterly revenue in its 17-year history as a stand-alone company, it announced on Monday, powered by streaming, which led to double-digit growth in digital …

posted its best-ever quarterly revenue in its 17-year history as a stand-alone company, it announced on Monday, powered by streaming, which led to double-digit growth in digital revenue.

Top-performing artists during the quarter included Dua Lipa, Ava Max, Johnny Hallyday and Ed Sheeran. Revenue was up 6.3% . The company’s digital revenue growth across recorded music and publishing was partially offset by a decline in recorded music physical and artist services and expanded-rights revenue and in publishing performance, mechanical and synchronization revenue, which reflects the impact from COVID, the statement notes; recorded music licensing revenue was flat.

 

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All thanks to DUALIPA I guess 🥳🥳

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